. >> what's the biggest misconception about our economy? >> is that the did he haeficit biggest problem we face. the deficit is not the biggest problem we face. the biggest problem we face is jobs. and wages. >> for decades we've been told don't tax the upper class because the less tax they have, the better it is for the middle class. true or false? >> false. the idea of the job creators belies -- the truth about the economy is the vast middle class, everybody is aspiring to join the middle class, they are the job creators because their spending creates jobs. >> we've been sold on this for years. >> i don't know why they've been sold on this. trickle-down economics, the idea if you give more tax breaks to people at the top and companies at the top, you're going to create jobs, has been proven over and over again to be false. >> some amazing insight. what's next for robert reich? he says if the president asks, he would go back to washington. as for now he loves teaching at cal and just released his latest book called "beyond outraged. "you c